Bond Amount
$25,000
Requiring Entity
State of California Department of Motor Vehicles
Underwriting Criteria
Instant Issue No Credit Check
Premium Rate(s)
1 Year - $250.00*
Who is Required to Secure this Bond
A Registration Service by definition is any person engaged in the business of processing for the public applications for registration, transfer of ownership, registration renewals, conducting lien sales, and processing dismantler documents (CVC Sections 505.2 and 11400 and CCR, Title 13 Section 330.00). A $25,000 DMV Registration Service bond is mandatorily required to be posted with the California Department of Motor Vehicles as a means on maintaining a valid Registration Service Permit.
Bond Requirement Specifics
A DMV Registration Services Bond is required by the State of California Department of Motor Vehicles under Vehicle Code Section 11401 to ensure the Registration Service does not cause any loss to the people of the State of California arising out of the operation of the registration service.
Who is protected Under this Bond
Any person or persons for whom the Registration Service rendered services.
Underwriting Process
DMV Registration Services are INSTANTLY ISSUED through our web-site without the need of a personal credit check of the applicant.
What you Need to do Once you have your Bond
As the original Registration Services Bond must be filed with the State of California, Department of Motor Vehicles, the original bond will be mailed to the applicant within 24 hours of submitting their application online. The Registration Services will need to forward the original bond to the State of California, Department of Motor Vehicles for filing. The bond will be placed in regular mail unless the applicant opts to pay the fee associated with overnight delivery during the application process.
Obligee Link
www.dmv.ca.gov
* Please be advised that the quote you obtain for this bond may include a fee charged and retained by The Bond Exchange.